Daily Market Commentary: 5 August 2019

Today we are taking a look at:

  • The PBOC weakened the currency so we see a risk off in EMFX across the board and SAGBs open up weaker
  • USD surges relative to emerging markets
  • Oil resumed its decline as demand fears deepened after Trump threatened to slap more tariffs on China. Futures lost 1% after closing up 3.2% in the previous session
  • S&P 500 futures down more than 1% while the Nikkei and Hang Seng both declined more than 2%
  • US nonfarm payrolls disappoint but wage growth accelerates, Eurozone retail sales sharply higher in JuneDailyMarketCommentary5.08
By | 2019-08-05T10:35:39+02:00 August 5th, 2019|Markets and Research|0 Comments

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